Los Angeles daily herald., 1887-03-31
&c Great Indus,rial change.

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The Great Industrial change.
Time was when person wishing to
invest in lands in California had to go |
to Montgomery street in San Fran
cisco to ascertain the lands for sale in |
large tracts throughout the State.
There he saw the maps and obtained
the prices for lands from San Diego to
Siskiyop and from the Sierras to the
sea. In fact the center OF informa-
ton about real estate in California
was confined to a little patch OF
ground in the center of San Fran
cisco. Los Angeles at that time had
NO railway connection with the sur
rounding country and had to make
use of San Francisco as a source OF
inform atom and capital. 1t was
happy hour for San Francisco. The
money lenders were in clover. They
charged one and half per cent a
month interest, and also the expense
Of an expert to come to Los Angeles
to view the property and to pass upon
the accuracy of the abstract. This
expense made the borrower who was
making home in Los Angeles aid
other Southern California towns, pay
at least two per centa month for the
use of money borrowed in San Fran
cisco. Under this oppressive burden
many ra ncheros before the railways
opened Southern California to mar
ket broke down under their grievous
load, and we're ruined by foreclosure
and costs. !. But when the Southern
Pacific Company Ibombarded its way
through and beneath the mountains
to this favored land, and climbed its
way up to the heights of San Cor
gonio to open the way OF empire to
the W arm western shore:
s'Where falls not hall nor any snow,
And never winds blow loudly"
The G circumstances were quickly and
totally changed. This great corpora
ton had no fears of the gorgons
along their path. Homer and Euri-
pides make mention Of monsters
called gorgons that inhabited the in
fernal regions. The heads of these
monsters were high and appalling.
One of these great creatures Terra,
was slain by Minerva. Hesiod men
tions three more, Stheno, Enryale
and Medusa. Their habitatlon was
on the borders of the Western ocean,
in the ne eighborhood of Night and the
Hesperides. They are represented
as girded with serpents with heads
erect, vibrating tongues and other
horrors. A slight-flight of fancy will
locate the rugged defiant rocky cliffs
of the San Gorgonio and San Ber-
nardino mountains as the gorgons
that stand on each side of the pathway
that leads fro m the sunset land and the
gardens of the :Hesperides to the
heated, blistering sands and suffocat-
ing storms of the Colorado desert,
which at times may be called the in
fernal regions, equal to anything de-
scribed by Homer, Hesiod, Euripides
or Eschylus. AS Perseus slew the
worst Gorgon Medusa, the Southern
Pacific Company slew all the rest of
the monsters and passed through the
Gorgonio Pass, or pass OF the gor-
gons, and over the drifting sands to
the silver lands of Arizona, New
Mexico and the great Lone Star State
to the Crescent City on the Missis
sippi. From that time the markets
of the world have been open to South
ern California, and the gorgons of
San Francisco, who held our money
borrowers by the throat, have re-
leased their grasp and submitted to
the Perseus of commerce, whose
home and energies are located in Los
Angeles. The change of the current
of business from the metropolis to
the sunny southland is marvellous
and great. Los Angeles has now be-
come the center of all great real es-
tate movements on the Pacific coast.
Parties desiring to invest in real
estate in all parts OF the common
wealth or in Arizona come to Los
Angeles to get their knowledge of the
land and prices and terms. A large
portion of the sales made in this
city are not announced in the real
estate sales published in the news
papers, as they embrace lands in all
parts of the State, while only those
sales that are within the county OF
Los Angeles and recorded here are
published in the daily list OF transac-
tions. More real estate is being sold
in Los Angeles in month than in |
San Francisco in six months. All
down through the San Joaquin valley |
and up the Sacramento; all along the
coast from San Diego to Point Con-
cepcion; all through the interior val
leys Of San Luis Obispo, Santa Bar
bara, Ventura, Kern, Los Angeles,
San Bernardino AMI San Diego, and
ovoe into Arizona, the real estate
-, - I - Anosloa ara doipa THAR